§ 450.50 — Removal of property from state — bond

Iowa § 450.50

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 450: INHERITANCE TAX

Text

It shall be unlawful for any person to remove from this state any property, or the proceeds
thereof, that may be subject to the tax imposed by this chapter, without paying the said tax to
the department of revenue. Any person violating the provisions of this section shall be guilty
of a serious misdemeanor and upon conviction shall be fined an amount equal to twice the
amount of tax, interest, and costs for which the estate may be liable; provided, however, that
the penalty hereby imposed shall not be enforced if, prior to the removal of such property or
the proceeds thereof, the person desiring to effect such removal files with the clerk a bond
conditioned upon the payment of the tax, interest, and costs, as is provided in section 450.49
hereof.

Legislative History

[S13, §1481-a15; C24, 27, 31, 35, 39, §7355; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §450.50]